FDx Advisors Inc. Buys Shares of 2,583 Northern Trust Co. (NTRS)

FDx Advisors Inc. bought a new stake in shares of Northern Trust Co. (NASDAQ:NTRS) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,583 shares of the asset manager’s stock, valued at approximately $264,000.

Other institutional investors have also made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Northern Trust by 8,671.4% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,228 shares of the asset manager’s stock valued at $126,000 after purchasing an additional 1,214 shares during the last quarter. Sageworth Trust Co increased its position in shares of Northern Trust by 296.3% during the 3rd quarter. Sageworth Trust Co now owns 1,407 shares of the asset manager’s stock valued at $144,000 after purchasing an additional 1,052 shares during the last quarter. Qube Research & Technologies Ltd increased its position in shares of Northern Trust by 64.2% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,813 shares of the asset manager’s stock valued at $187,000 after purchasing an additional 709 shares during the last quarter. MML Investors Services LLC purchased a new stake in shares of Northern Trust during the 3rd quarter valued at $201,000. Finally, Ausdal Financial Partners Inc. purchased a new stake in shares of Northern Trust during the 2nd quarter valued at $221,000. 79.12% of the stock is owned by hedge funds and other institutional investors.

Shares of NTRS opened at $88.93 on Friday. Northern Trust Co. has a fifty-two week low of $87.98 and a fifty-two week high of $115.61. The stock has a market capitalization of $20.89 billion, a P/E ratio of 18.41, a PEG ratio of 1.21 and a beta of 0.97. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.36.

Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings data on Wednesday, October 17th. The asset manager reported $1.58 earnings per share for the quarter, missing the consensus estimate of $1.61 by ($0.03). Northern Trust had a return on equity of 15.75% and a net margin of 23.28%. The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same period last year, the business posted $1.20 EPS. The company’s revenue was up 9.4% compared to the same quarter last year. Sell-side analysts expect that Northern Trust Co. will post 6.59 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 1st. Shareholders of record on Friday, December 14th will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend is Thursday, December 13th. Northern Trust’s payout ratio is presently 45.55%.

Several brokerages have recently issued reports on NTRS. Credit Suisse Group decreased their target price on Northern Trust from $110.00 to $105.00 and set a “neutral” rating for the company in a research report on Friday. Deutsche Bank decreased their target price on Northern Trust from $108.00 to $107.00 and set a “buy” rating for the company in a research report on Friday, November 16th. Wells Fargo & Co raised Northern Trust from a “market perform” rating to an “outperform” rating and set a $126.00 target price for the company in a research report on Wednesday, November 7th. BidaskClub raised Northern Trust from a “sell” rating to a “hold” rating in a report on Wednesday, October 31st. Finally, Buckingham Research decreased their price objective on Northern Trust from $119.00 to $114.00 and set a “neutral” rating for the company in a report on Thursday, October 18th. Eight equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $117.41.

ILLEGAL ACTIVITY NOTICE: “FDx Advisors Inc. Buys Shares of 2,583 Northern Trust Co. (NTRS)” was published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this news story on another site, it was illegally copied and republished in violation of United States & international trademark & copyright laws. The original version of this news story can be viewed at https://www.dispatchtribunal.com/2018/12/08/fdx-advisors-inc-buys-shares-of-2583-northern-trust-co-ntrs.html.

About Northern Trust

Northern Trust Corporation, a financial holding company, provides asset servicing, fund administration, asset management, fiduciary, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates through Corporate & Institutional Services (C&IS) and Wealth Management segments.

Recommended Story: Roth IRA

Want to see what other hedge funds are holding NTRS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Northern Trust Co. (NASDAQ:NTRS).

Institutional Ownership by Quarter for Northern Trust (NASDAQ:NTRS)

Receive News & Ratings for Northern Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northern Trust and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply